ALBANY — Applications for the next $60 million round of the Restore New York grant program opened February 22, 2024. The program, administered by Empire State Development (ESD), supports municipalities' efforts to demolish, rehabilitate and restore blighted structures and transform them into vibrant residential, commercial and mixed-use developments.
Funding can be used for vacant, abandoned, condemned or surplus buildings and these properties can be demolished, deconstructed, rehabilitated or reconstructed. Emphasis will be placed on projects in economically distressed communities, projects that leverage other state or federal redevelopment funds and the project's feasibility and readiness. Eligible applicants include counties, cities, towns and villages within NYS based on the following criteria:
• Cities over 100,000 in population may apply for up to $4 million for one project. However, cities of over 1 million in population and counties therein must apply for projects in a distressed area of the city.
• Cities and villages with populations between 40,000 and 99,999 may apply for one project up to $3 million.
• All other municipalities may apply for one project up to $2 million.
Empire State Development may grant a limited number of special awards. For more detailed information on the program and eligibility requirements, click here.
The application will be available here beginning Thursday, February 22nd.
KEY PROGRAM DATES AND DEADLINES:
Applications Open: February 22, 2024
Restore NY Instructional Webinar hosted by ESD: February 27, 2024
Intent to Apply Form Deadline: March 25, 2024
Empire State Development is hosting an instructional webinar for municipalities interested in the next round of Restore NY funding. The webinar will take place on Tuesday, February 27th at 11:00 AM.
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